To amend the Internal Revenue Code of 1986 to repeal the excise tax on repurchase of corporate stock.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill requires repeal of excise tax on repurchase of corporate stock Chapter 37 of the Internal Revenue Code of 1986 is repealed. It relies on definition changes, tax rate changes, compliance mandates, and procurement rules. The main policy areas are Regulated Industries.
Who Benefits and How
Regulated entities and members of the public affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties.
Key Provisions
- Requires repeal of excise tax on repurchase of corporate stock Chapter 37 of the Internal Revenue Code of 1986 is repealed.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires repeal of excise tax on repurchase of corporate stock Chapter 37 of the Internal Revenue Code of 1986 is repealed.
Key Policy Areas
Regulated Industries
Primary Purpose
The bill requires repeal of excise tax on repurchase of corporate stock Chapter 37 of the Internal Revenue Code of 1986 is repealed.
Policy Domains
Whole bill
Identified Gains
- Regulated entities and members of the public affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
Sponsors
Legislative Progress
IntroducedMr. Kustoff (for himself, Mr. LaHood, and Mr. Schweikert) introduced …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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